Home Equity Loans

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Access cash from the equity in your home. Our home equity loans and lines of credit use your home's equity as backing to lock in an affordable rate. These lending options are ideal for home improvement projects, education expenses, major life events, debt consolidation and other major purchases.

Home Equity Term Loan

Home Equity Term Loans are taken as one lump sum and paid off with monthly installment payments of principal and interest.

Home Equity Loan Features

Accommodating repayment terms that work for your budget
0.25% discount on your interest rate when your monthly payment is automatically deducted from a Tri City National Bank checking or savings account
Interest paid might be tax deductible³
Local decision-making and processing

Contact A local Lender

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Home Equity Line of Credit (HELOC) Promotion

With a HELOC, the funds you need are available when you need it — no need to reapply! That means you can repeatedly use the line of credit. Your funds are easily accessible via check, Online Banking transfer, telephone banking transfer or a cashier’s check through your lender.

HELOC Features

Accommodating repayment terms that work for your budget
Great promotional rate!¹
- Now: 2.99% APR (special introductory fixed rate for 12 months)
- Later: 3.99% APR (variable rate after introductory period)
No closing costs!²
Draws up to $1,000 increments
Interest paid might be tax deductible³
Local decision-making and processing

Contact a local lender

Apply Now

Loan Calculator

¹The advertised APRs and loan programs are subject to change at any time. Introductory APR is available on loans for owner-occupied primary or secondary residences with up to 80% loan-to-value (LTV) and credit scores of 660 or higher. Refinances of existing Tri City National Bank Home Equity Lines of Credit may be eligible for the Introductory APR with an increase of 50% of the current credit limit or $25,000, whichever is less. Introductory APR is fixed for 12 months from closing date. After the 12-month introductory period, the APR is variable based on an index plus or minus a margin of -0.26% to +0.74% (based on credit score). The index is the Prime Rate as published in the Wall Street Journal “Money Rates” table on the 10th day of the month and is subject to change monthly. Your APR will vary based on your final loan amount, actual finance charges and whether you meet specific credit qualifications. Your APR will not exceed 18.00% or go below 3.99% at any time during the term of your account after the introductory period. The term of a HELOC is 20 years, which consists of a 10-year Draw Period and a 10-year Repayment Period. Interest only payments are available during the Draw Period. You will not reduce the principal balance of the loan during the Draw Period if you make interest-only payments. Any outstanding balance at the end of the Draw Period will then amortize based on the variable rate and will be repaid in monthly payments over the Repayment Period. Your APR is subject to change annually during the Repayment Period. Minimum Loan Amount is $5,000.

²Closing costs generally total between $276 and $1,077. The Bank typically pays for these closing costs unless an appraisal or certain title insurance is required. Appraisals are generally required on loan amounts equal to or greater than $100,000. Property insurance, title insurance and flood insurance, if applicable, are required on all collateral. An Annual Fee of $50 will be charged to your loan each year during the Draw Period. If you terminate your right to obtain advances within 36 months from loan closing, an early termination fee of $350 will apply. Other restrictions may apply.

³Consult a tax advisor.

Terms are subject to change. Tri City National Bank's Home Equity Lines of Credit require a mortgage on your home. Failure to pay your loan could result in loss of your home. Homeowner’s insurance is required, and flood insurance may be required on the property used as collateral.